Dimensional Fund Advisors LP increased its stake in Aqua America, Inc. (NYSE:WTR) by 15.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 752,519 shares of the utilities provider’s stock after buying an additional 101,689 shares during the period. Dimensional Fund Advisors LP owned 0.42% of Aqua America worth $24,193,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WTR. Liberty Mutual Group Asset Management Inc. raised its position in shares of Aqua America by 4.6% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 79,297 shares of the utilities provider’s stock valued at $2,550,000 after buying an additional 3,508 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Aqua America by 7.3% in the first quarter. Geode Capital Management LLC now owns 1,397,830 shares of the utilities provider’s stock valued at $44,940,000 after buying an additional 95,204 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Aqua America by 23.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 40,794 shares of the utilities provider’s stock valued at $1,312,000 after buying an additional 7,738 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Aqua America by 6.9% in the first quarter. Vanguard Group Inc. now owns 16,930,599 shares of the utilities provider’s stock valued at $544,318,000 after buying an additional 1,095,878 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Aqua America by 10.4% in the first quarter. Thrivent Financial For Lutherans now owns 34,237 shares of the utilities provider’s stock valued at $1,100,000 after buying an additional 3,230 shares in the last quarter. 50.90% of the stock is owned by institutional investors and hedge funds.

Shares of Aqua America, Inc. (NYSE:WTR) traded up 0.06% on Tuesday, reaching $33.99. The company had a trading volume of 26,440 shares. The company has a market capitalization of $6.04 billion, a PE ratio of 25.95 and a beta of 0.52. The company’s 50-day moving average is $33.29 and its 200-day moving average is $32.05. Aqua America, Inc. has a one year low of $28.03 and a one year high of $34.41.

Aqua America (NYSE:WTR) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The company had revenue of $203.40 million during the quarter, compared to analyst estimates of $208.28 million. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. Aqua America’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. Equities research analysts predict that Aqua America, Inc. will post $1.36 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th will be paid a $0.2047 dividend. This is a positive change from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.82 annualized dividend and a dividend yield of 2.41%. Aqua America’s dividend payout ratio (DPR) is presently 58.78%.

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Several brokerages recently issued reports on WTR. Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub lowered Aqua America from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Northcoast Research began coverage on Aqua America in a research report on Thursday, May 25th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $32.25.

In other news, COO Richard Scott Fox sold 5,750 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $32.89, for a total value of $189,117.50. Following the completion of the transaction, the chief operating officer now owns 18,788 shares of the company’s stock, valued at $617,937.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard H. Glanton sold 4,200 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total transaction of $137,886.00. Following the completion of the transaction, the director now directly owns 2,207 shares of the company’s stock, valued at approximately $72,455.81. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

Aqua America Company Profile

Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).

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Institutional Ownership by Quarter for Aqua America (NYSE:WTR)

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